IRAs

It's never too late to start saving for retirement. In uncertain times it is comforting to know that your financial institution has been around for over 100 years through all types of economic swings. In addition to providing quality products with competitive rates, your IRA investments at the Garrett State Bank are insured by the Federal Deposit Insurance Corporation. With us you'll find a wide array of IRA products and options to meet your needs.

We encourage you to seek personalized advice from qualified tax professionals regarding all personal finance issues.

$uper $aver Retirement Account

Initial Variable Rate - 4% APY 4.06% with an Automatic Deposit from a GSB Checking Account
$25.00 Minimum to Open
Additional Deposits (As little as $25.00 deposit can be made during the term of this account)
No Fluctuation of Your Principal
May Open a SEP, Coverdell, Roth or Traditional IRA
Automatically renews at maturity for a like term
FDIC Insured
Accepting Deposits for 2011* & 2012 (*Through 4/16/2012)

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Coverdell Education Savings

Minimum opening deposit $10.00
Maximum annual contribution is $2,000
Tax free education savings
Account available up to 18 years of age
Funds can be used for education cost from kindergarten up through college
No annual fee

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Roth IRA

Minimum opening deposit $10.00
Non deductible contribution with tax free withdrawals
Maximum annual contributions of $5,000, if income guidelines are meet
Make-up contribution of $1,000 if over 50 years old
No annual fee
Contact our IRA Representative for further details

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Regular IRA

Minimum opening deposit $10.00
Tax deductible if not in a qualified plan
Maximum annual contribution of $5,000
Make-up contribution of $1,000 if over 50 years old
No annual fee
Contact our IRA Representative for further details

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Rollover IRA

Funds may be rolled over from a qualified plan or another IRA
No annual fee
Contact our IRA Representative for further details

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Self-Directed IRAs

Minimum open deposit $10.00
Annual fee $75.00
You may elect alternative investment options for your Self-Directed IRA
Contact our IRA Representative for further details

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Financial Calculators

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FDIC Disclosure: Garrett State Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2012, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

NOTICE: Garrett State Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. This bank will never solicit confidential information about your accounts through email.